S&P 500

Neutral

Archived analysis from Aug 7, 2026, 8:34 PM

Key insight

7,737 ATH from Aug 4 now first support — July jobs miss + Hormuz uncertainty keep near-term direction binary

7,751 holds near ATH but exhaustion after $3.7tn 4-day rally; jobs miss clouds direction

Main risk

Fed rate-hike repricing / Hormuz tension

Brent spiked to $83 on Middle East flare-up; now $76 — deal uncertainty keeps hike bets alive

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